The ____ Is Defined as the Difference Between the Offer

question 2

Multiple Choice

The ____ is defined as the difference between the offer price and the bid price in a foreign exchange.

• A) cost to serve 
• B) spread 
• C) forward discount 
• D) forward premium

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Definitions:

Medication

Substances used in the diagnosis, treatment, or prevention of disease and as part of medical care to alleviate symptoms and improve health.

Risk

Risk involves exposure to the chance of injury or loss, a measure often assessed in decision-making processes.

Bounded Rationality

The concept that decision-making is limited by the information available, cognitive limitations of the mind, and the finite amount of time available to make a decision.

Mathematical Abilities

The capacity to perform and understand various mathematical operations and concepts.